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How Do Businesses and Generations Maintain Its Legacy?

Author : Krakrafaa Thompson Tenent Bestman

Publisher : Partridge Africa

Page : 225 pages

File Size : 26,47 MB

Release : 2018-02-23

Category : Business & Economics

ISBN : 1482876604

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Book Description

Employees exit an organization with 80% of the knowledge they have acquired without transferring it to others. This colossal loss of intellectual assets is even more in terms of parent to child legacy transfer. Several factors may have contributed to this immense generational memory loss. First, the knowledge seekers do not know what to do on how to influence the knowledge sources to share their skills and experiences and may not even understand the characteristics of the knowledge they intend to access from the knowledge sources. Second, these intellectual assets such as skills and experiences they intend to access give the knowledge sources their comparative advantage in the society and worst still, they are not on the pages of procedures or other documented format, but mainly domicile in the heads of the possessors and hence not visible to others. Third, people also regard their skills and experiences as invaluable intellectual assets and hence do not want to easily share it with others. These are some of the constraints knowledge seekers face, whether in an organization or the society while trying to access the information they require in creating value in their respective domains. Eventually, the legacies transferred to the knowledge seekers fall short of what would have been transferred if the knowledge seeker knows otherwise. This book bridges this gap by providing a strategic and systematic approach on how a knowledge seeker may apply social interaction variables and its hierarchical effect on knowledge transfer to influence a knowledge source to share his or her intellectual assets that he or she might not ordinarily be willing to share with any knowledge seeker.



Generation to Generation

Author : Kelin E. Gersick

Publisher : Harvard Business Press

Page : 316 pages

File Size : 43,72 MB

Release : 1997

Category : Business & Economics

ISBN : 087584555X

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Book Description

Generation to Generation will help managers understand the special dynamics & challenges that family businesses face as they move through their life cycles. It explains how to handle succession, & the role of non-family professionals.



Harvard Business Review Family Business Handbook

Author : Josh Baron

Publisher : Harvard Business Press

Page : 231 pages

File Size : 50,2 MB

Release : 2021-01-26

Category : Business & Economics

ISBN : 1633699064

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Book Description

Navigate the complex decisions and critical relationships necessary to create and sustain a healthy family business—and business family. Though "family business" may sound like it refers only to mom-and-pop shops, businesses owned by families are among the most significant and numerous in the world. But surprisingly few resources exist to help navigate the unique challenges you face when you share the executive suite, financial statements, and holidays. How do you make the right decisions, critical to the long-term survival of any business, with the added challenge of having to do so within the context of a family? The HBR Family Business Handbook brings you sophisticated guidance and practical advice from family business experts Josh Baron and Rob Lachenauer. Drawing on their decades-long experience working closely with a wide range of family businesses of all sizes around the world, the authors present proven methods and approaches for communicating effectively, managing conflict, building the right governance structures, and more. In the HBR Family Business Handbook you'll find: A new perspective on what makes family businesses succeed and fail A framework to help you make good decisions together Step-by-step guidance on managing change within your business family Key questions about wealth, unique to family businesses, that you can't afford to ignore Assessments to help you determine where you are—and where you want to go Stories of real companies, from Marchesi Antinori to Radio Flyer Chapter summaries you can use to reinforce what you've learned Keep this comprehensive guide with you to help you build, grow, and position your family business to thrive across generations. HBR Handbooks provide ambitious professionals with the frameworks, advice, and tools they need to excel in their careers. With step-by-step guidance, time-honed best practices, and real-life stories, each comprehensive volume helps you to stand out from the pack—whatever your role.



Your Family Legacy

Author : Michael W Palumbos

Publisher : Collaborative Family Office

Page : 78 pages

File Size : 19,7 MB

Release : 2012-01-30

Category :

ISBN : 9780985127503

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Book Description

Family, wealth and legacy are really what it all boils down to, isn't it? Did we love and were we loved? Did we acquire wealth, whether tangible, relational or spiritual? Did we make a difference? Your Family Legacy is a simple and easy read designed to get you thinking about retirement, estate planning and passing your 'true wealth' to the next generation. When we talk about wealth we include not only money and our assets but everything that is important to us....our values, our knowledge and our family business. The goal of this book is for every reader to walk away with one new idea that you can use to create, grow, keep and share every form of wealth that is important to you. One idea that you implement for generations to come.



Challenges of Globalization and Inclusivity in Academic Research

Author : Chakraborty, Swati

Publisher : IGI Global

Page : 322 pages

File Size : 40,21 MB

Release : 2024-02-19

Category : Reference

ISBN :

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Book Description

As the world becomes increasingly interconnected, complexities arise in ensuring inclusivity and diversity in research practices. Challenges of Globalization and Inclusivity in Academic Research examines the impact of globalization on academic research within the domains of social sciences, religion, and technology. Through meticulous analysis and case studies, it dissects the multifaceted effects of globalization, shedding light on how it has shaped research questions, methodologies, and teaching approaches in these critical disciplines. This book is an exploration of challenges and a guidebook for positive change. It navigates through topics such as unconscious bias in research, gender representation in academia, and ethical considerations in international collaborations. It encourages readers to develop a nuanced understanding of the need for diversity and inclusivity in research practices, laying the foundation for a more equitable and globally connected research community. This book is ideal for researchers, academics, policymakers, administrators, Diversity, Equity, and Inclusion (DEI) advocates, and cross-cultural collaborators.



FAMILY BUSINESS

Author : VICTORIA OMA WHITEMAN

Publisher : VICTORIA OMA WHITEMAN

Page : 150 pages

File Size : 22,75 MB

Release : 2024-07-12

Category : Biography & Autobiography

ISBN :

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Book Description

*Family Business - Building and Sustaining Success Across Generations** In "Family Business," best-selling author Victoria Oma Whiteman, also known as Chicpreneur, delves into the unique and rewarding world of family-owned enterprises. This comprehensive guide provides invaluable insights into starting, managing, and growing a successful family business, offering practical advice and proven strategies to navigate the complexities and maximize the benefits of family entrepreneurship with 3 perfect family business examples and lesson learnt. **Unlocking the Benefits of Family Businesses** "Family Business" explores the distinct advantages of family-owned enterprises, from fostering strong familial bonds to creating a lasting legacy. Learn how to leverage these benefits to build a resilient and thriving business that stands the test of time. **Key Themes and Insights** - **Starting a Family Business**: Step-by-step guidance on launching a family business, from idea to execution. - **Family Business Success Strategies**: Proven tactics to ensure long-term success and sustainability. - **Managing Family Dynamics**: Practical advice on handling the unique challenges and dynamics that arise in family businesses. - **Conflict Resolution**: Techniques for resolving conflicts and maintaining harmony within the family and business. - **Succession Planning**: Strategies for effective succession planning to secure the future of the business. - **Financial Management**: Best practices for managing finances and ensuring the financial health of the business. - **Leadership and Governance**: Insights into effective leadership and governance structures that support business growth. - **Balancing Family and Business**: Tips for maintaining a healthy balance between family life and business responsibilities. - **Innovation and Growth**: Strategies for fostering innovation and driving growth in a family business. - **Creating a Legacy**: How to build a generational business that leaves a lasting impact. **Expert Advice and Real-Life Case Studies** Filled with expert advice and real-life case studies, "Family Business" is an essential resource for anyone involved in or considering a family-owned business. Whether you're looking to start a new venture, manage an existing business, or plan for the future, this book provides the tools and insights you need to succeed. **Building a Generational Business** At the heart of "Family Business" is the concept of creating a legacy. Learn how to build a generational business that not only achieves financial success but also strengthens family bonds and creates a positive impact on future generations. ** Keywords** Starting a family business, benefits of family businesses, family business success strategies, managing a family business, family business dynamics, overcoming challenges in family businesses, family business growth tips, family business legacy planning, family business leadership, building a generational business, family business best practices, family business conflict resolution, balancing family and business, family business succession planning, family business financial management, effective communication in family businesses, family business teamwork, family business governance, advantages of family-owned businesses, family business innovation, family business marketing strategies, family business culture, family business case studies, successful family business stories, family business entrepreneurship.



Enabling Next Generation Legacies

Author : Peter Jaskiewicz

Publisher : Family Enterprise Knowledge Hub Publishing

Page : 340 pages

File Size : 34,28 MB

Release : 2021-12-06

Category : Business & Economics

ISBN : 1777806313

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Book Description

Answering the most pressing thirty-five questions of Next Generation members in a short and concise, yet competent way—leading academics, practitioners, and enterprising families come together to empower Next Generation legacies. Masterfully detangling the intricate dynamics of the family, ownership, business, and wealth, the authors share best practices, real-life examples, and critical questions for reflection. Part 1: Family Defining family · Managing family dynamics · Dealing with conflicts · Family communication · Preparing generational transitions · Keeping the family united Part 2: Ownership Responsibilities and rights · Preparation of future owners · Dealing with non-active owners · Ownership transfers · Board expectations and roles · Owner networks Part 3: Business Preparing business entry · Working with nonfamily executives · Hiring family members · Promoting family members · Letting go of family members · Engaging family business consultants Part 4: Wealth Dealing with wealth · Pursuing a vocation outside of the family enterprise · Leaving the family enterprise · Selling the family business · Starting a family office · Pursuing philanthropy and impact investing Enabling Next Generation Legacies is a powerful guide for Next Generation members and their families to ask better questions, make better decisions, live better lives, and build stronger legacies.



The Soulful Entrepreneur

Author : Sergio Rijo

Publisher : SERGIO RIJO

Page : 142 pages

File Size : 23,60 MB

Release : 2023-09-04

Category : Business & Economics

ISBN :

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Book Description

In a world where business success often seems synonymous with profit margins and cutthroat competition, "The Soulful Entrepreneur: Integrating Spiritual Laws into Business Success" offers a refreshing perspective. This enlightening book takes you on a profound journey of self-discovery and business transformation, showing you how to infuse your entrepreneurial endeavors with purpose, authenticity, and a deep connection to spiritual laws. Drawing on a rich tapestry of wisdom from the realms of spirituality, personal growth, and business acumen, this book guides entrepreneurs on a path less traveled—a path that leads to not only financial prosperity but also spiritual fulfillment and a positive impact on the world. With clarity and compassion, the book explores various spiritual laws and principles that can be harnessed to create a soulful, purpose-driven business. Dive deep into the Law of Attraction and learn how to manifest positive outcomes, not just for your business but for your life as a whole. Explore abundance consciousness and discover how it can reshape your decision-making and mindset, leading to greater success. "The Soulful Entrepreneur" also delves into the power of intuition and its role in making sound business decisions. Real-life examples of entrepreneurs who've trusted their intuition illuminate the way. Furthermore, the book provides practical guidance on conscious communication, teaching you how to build meaningful connections, foster empathy, and navigate challenging conversations with grace. But this book isn't just about theory—it's a roadmap for action. It offers actionable strategies, exercises, and real-world case studies to help you integrate these spiritual laws into your daily business practices. You'll learn how to cultivate an environment of generosity, harness the reciprocity of the Law of Giving and Receiving, and develop authentic leadership skills that balance vulnerability and authority. "The Soulful Entrepreneur" goes even further by exploring the role of karma in business and the profound impact of mindfulness on decision-making and employee well-being. It delves into the art of gratitude as a business practice and offers practical exercises for fostering gratitude within your organization. As you progress through this enlightening journey, you'll also encounter chapters on vision and manifestation, ethical business practices, work-life balance, collaborative entrepreneurship, detachment, servant leadership, sustainable business practices, resilience, transformational customer relationships, inner mastery, divine timing, the wisdom of failure, and the ripple effect of soulful business. But this isn't just a book; it's an invitation to embark on a lifelong journey of growth and purpose as a soulful entrepreneur. The wisdom within these pages serves as a guiding light, illuminating the path toward a more fulfilling and impactful entrepreneurial experience. For anyone seeking to align their business with their values, make a positive impact on the world, and find deeper meaning in entrepreneurship, "The Soulful Entrepreneur: Integrating Spiritual Laws into Business Success" is an indispensable companion. Discover the transformative potential that lies within you and your business, and let your journey toward soulful entrepreneurship begin.



Research Anthology on Strategies for Maintaining Successful Family Firms

Author : Management Association, Information Resources

Publisher : IGI Global

Page : 1146 pages

File Size : 48,9 MB

Release : 2021-08-27

Category : Business & Economics

ISBN : 1668435519

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Book Description

Family-owned businesses account for many of the small and medium-sized enterprises that exist around the world in various industries. Due to their unique make up, these firms are often heavily influenced by family dynamics that must be reconciled by family and non-family workers alike in order to ensure the sustainability of the business. As smaller businesses competing against an increasingly globalized economy and more directly impacted by economic instability, especially in the wake of the COVID-19 pandemic, these businesses must continue to improve their practices and processes in order to not only survive but thrive. The Research Anthology on Strategies for Maintaining Successful Family Firms discusses the strategies, sustainability, and human aspects of family firms in order to understand what sets them apart from other businesses and how they can survive and compete in a globalized economy. This book discusses the unique dynamic brought by family firms that offers both opportunities and challenges for a growing business. Covering topics such as corporate venturing, the family unit, and business ethics, this text is an essential resource for family firms, entrepreneurs, managers, business students, business professors, researchers, and academicians.



The Dragon Network

Author : A. B. Susanto

Publisher : John Wiley & Sons

Page : 188 pages

File Size : 24,96 MB

Release : 2013-01-24

Category : Business & Economics

ISBN : 1118339401

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Book Description

What's driving the burgeoning global Chinese family businesses? Chinese family businesses are the driving force behind Asia's economic prosperity. As the world becomes more global they have had to adapt to the new environment. This timely book draws on an extensive regional survey to reveal the key players and the strategies that will drive their success going forward. The book discusses and analyzes the business life and achievements of some prominent overseas Chinese family businesses in Asia and reveals their life philosophies, their business journey, and their family role in business. Includes analysis regarding how the senior Chinese generations prepare their children to run the business in the future Reveals that flexibility, ability to adapt to changing business environments, and resilience contribute to the success of many overseas Chinese family businesses Offers illustrative examples of successful family businesses from Malaysia, Indonesia, The Philippines, and China Based in solid research and filled with illustrative examples, The Dragon Network offers an inside look at how family businesses succeed and thrive in Asia.